Santiment Warns FOMO Could Return if Bitcoin Hits $92K

TL;DR:

Crypto analytics platform Santiment warns that Bitcoin's approach toward $92,000 could trigger retail FOMO as social sentiment reaches its most bullish level since October, while whale wallets accumulated 65,500 BTC over the past five weeks. The post Santiment Warns FOMO Could Return if Bitcoin Hits...

Key Points:

Background:

Crypto whales are individuals or entities that hold large amounts of cryptocurrency. Their trading activities and wallet movements are closely monitored by the community because they can significantly influence market prices and trading patterns.

Why It Matters:

Whale movements often precede major market moves and can indicate institutional positioning or upcoming developments. Tracking whale activity helps traders and analysts understand market sentiment and potential price action, making it a crucial aspect of on-chain analysis.